Full title: Going, going, still going: Detroit family home still for sale after 519 days despite being on the market for just $1
1 posted on
07/30/2013 2:47:33 PM PDT by
lowbridge
To: lowbridge
Who wants to buy and renovate this 'Multi Family home featuring 2 units, hardwood floors, basement, and much more!' for $1?
To: lowbridge
Would that be $1.00 with no back taxes?
Or, $1.00 plus back taxes and/or the responsibility to knock it all down?
3 posted on
07/30/2013 2:50:46 PM PDT by
Slyfox
(Without the Right to Life, all other rights are meaningless.)
To: lowbridge
5 posted on
07/30/2013 2:51:37 PM PDT by
showme_the_Glory
(ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
To: lowbridge
What’s not mentioned here is that if anyone buys that home for $1 then they’re immediately on the hook for all of the past due property taxes. And all of those past due property taxes have to br brought current before permits for restoration will be issued.
Why do I know this?
A Canadian friend of mine from Windosr bought a home in Detroit for $1800 thinking it was an awesome deal. When he went to get permits to renew the home he was told that the more than $150,000 in past due tax and utility bills on the property had to be paid first.
He told them to keep the house and wrote off the $1800 to experience.
7 posted on
07/30/2013 2:51:59 PM PDT by
MeganC
(A gun is like a parachute. If you need one, and don't have one, you'll never need one again.)
To: lowbridge
Where is Habitat For Humanity when they are really needed?
To: lowbridge
The place is obviously about to fall down...
10 posted on
07/30/2013 2:53:26 PM PDT by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
To: lowbridge
Why do $1 houses always have to be located in post apocalyptic nightmare locations? Wake me when I can get a buck house in Vail!
12 posted on
07/30/2013 2:54:19 PM PDT by
avenir
(I'm pessimistic about man, but I'm optimistic about GOD!)
To: lowbridge
Now this one - my keen professional eye detects that there may have been some sort of an issue upstairs:
A buck for a burnt-out hulk isn't a good deal. And a buck for a burnt-out hulk PLUS back taxes? Gosh, I wonder where the demand went?
To: lowbridge
I’m surprised the ad doesn’t describe it as “Handyman’s Dream!”
20 posted on
07/30/2013 3:01:11 PM PDT by
henkster
(The 0bama regime isn't a train wreck, it's a B 17 raid on the rail yard.)
To: lowbridge
Someone will figure out how to make Detroit into an opportunity.
36 posted on
07/30/2013 3:36:42 PM PDT by
PoloSec
( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
To: lowbridge
To: lowbridge
Detroit homes for bargains—the old bait and switch routine.
Cheap on the front end but way expensive on the back end. The city is just salivating to levy their taxes on the new homeowners who got ‘the bargain deals’. Plenty left to pay the tax extorters with right?... NOT......
43 posted on
07/30/2013 4:11:27 PM PDT by
tflabo
(Truth or Tyranny)
To: lowbridge
Full title: Going, going, still going: Detroit family home still for sale after 519 days The spirit of Coleman Young still going, going too for Mo-Town--as in Mogadishu west.
46 posted on
07/30/2013 4:16:46 PM PDT by
tflabo
(Truth or Tyranny)
To: lowbridge
Bringing the house up to code by removing asbestos: $10,000, lead paint removal: $5,000, replacing stripped out wiring and plumbing: $25,000: replacing heating and cooling system: $20,000, structural repairs: $20,000.
Now the $150,000-$200,000 renovation can start. Value of the house when finished: $1.
48 posted on
07/30/2013 4:42:58 PM PDT by
count-your-change
(you don't have to be brilliant, not being stupid is enough)
To: lowbridge
One dollar for this house is no bargain at all. The cost to tear it and the rest of Detroit down in order to make rebuilding it on its original lot practical would be prohibitive.
51 posted on
07/30/2013 5:11:27 PM PDT by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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